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CIMAPRA17-BA4-1 Exam - Topic 1 Question 69 Discussion

Which THREE of the following statements are correct regarding the CIMA Code of Ethics for Professional Accountants?
A) Where a statutory requirement is in conflict with a provision of the CIMA Code, the CIMA Code requirement prevails and B) The CIMA Code is mandatory for all CIMA members and students, and is applicable to all professional services. and C) The CIMA Code imposes an obligation on CIMA members and students to comply with relevant laws and regulations
D) Professional accountants should consider the ethical requirements contained in the CIMA Code as the basic principles which they should follow in performing their work
E) The CIMA Code is an example of a compliance driven ethical framework

CIMAPRA17-BA4-1 Exam - Topic 1 Question 69 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 69
Topic #: 1
[All CIMAPRA17-BA4-1 Questions]

Which THREE of the following statements are correct regarding the CIMA Code of Ethics for Professional Accountants?

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Suggested Answer: A, B, C

by Paz at Apr 25, 2023, 10:10 AM

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Sharika
10 months ago
The CIMA Code is definitely compliance-driven, no doubt about it!
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Carmelina
10 months ago
I think the ethical principles are just guidelines, not strict rules.
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Paulina
10 months ago
Wait, does the CIMA Code really prevail over statutory requirements?
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Cecilia
11 months ago
Totally agree, compliance with laws is a must!
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Cruz
11 months ago
The CIMA Code is mandatory for all members, right?
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Stacey
11 months ago
I practiced a similar question before, and I think C and D are safe bets, but I’m not confident about A and E.
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Paul
11 months ago
I feel like D makes sense too, as it talks about the ethical principles we should follow, but I’m a bit confused about E being a compliance-driven framework.
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Deane
11 months ago
I remember discussing that the CIMA Code emphasizes compliance with laws, so C should be one of the correct answers.
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Royal
11 months ago
I think statement B is definitely correct since the CIMA Code applies to all members and students, but I'm not sure about A.
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Leota
11 months ago
Hmm, I'm a little unsure about this one. The exhibit doesn't give us much detail on the network topology, so it's hard to know exactly what the engineer is trying to achieve. I'll have to think through the OSPF area types carefully to figure out the best solution.
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Lajuana
11 months ago
Okay, let's think this through step-by-step. We have the budget at completion, the current percent complete, and the amount spent so far. I think we need to calculate the planned value and the earned value to determine the schedule performance index.
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Billy
11 months ago
Okay, let me think this through. We need to identify the network packet loss, so we'll need to look at some kind of network monitoring or performance data, not just the Teams admin reports. I'll have to dig a little deeper to find the right approach.
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